Is the $KWEB dip actually a buying opportunity?

Watching $KWEB dip today to 28.54, bottoming around 28.45. It's a significant drop (-1.21%) on a day that feels like broader market jitters rather than fundamental news for the underlying Chinese tech. I'm seeing this as a potential entry point for a bounce play, given the strong support zone around these levels historically. Does anyone seriously think the current macro narrative justifies bailing on these names here, or am I missing something crucial that suggests further downside?